NANDROBEL
ActiveSummary
NANDROBEL has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €758k and a net result of €217k. Equity is growing by ~22.3% per year across the filed fiscal years. Its solvency ranks better than 73% of 6537 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability86▲+11
Solvency80▲+13
Growth85▲+3
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity short (current ratio 0.87 against 0.68 in 2023; short-term debt: 39.8% and cash: 11.4% of total assets), and 44.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
55.2%
Return on assets
15.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-07-2025, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
36 d early
2022
12 d early
2021
13 d early
2020
32 d early
2019
21 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€2.90M▲ 26.1%
2023 · €2.30M
2020: €1.41Mlowest in 5 years
2021: €2.10M▲ +48.5% vs 2020
2022: €2.06M▼ -2.0% vs 2021
2023: €2.30M▲ +11.6% vs 2022
2024: €2.90M▲ +26.1% vs 2023highest in 5 years
2020 → 2024
EBIT margin
8.6%▲ 3.0pp
2023 · 5.6%
2020: 1.4%lowest in 5 years
2021: 13.4%▲ +842% vs 2020highest in 5 years
2022: 4.3%▼ -68.0% vs 2021
2023: 5.6%▲ +30.4% vs 2022
2024: 8.6%▲ +53.6% vs 2023
2020 → 2024
Net result
€217k▲ 53.1%
2023 · €142k
2018: €-206klowest in 7 years
2019: €-132k▲ +35.5% vs 2018
2020: €19k▲ +114% vs 2019
2021: €288k▲ +1404% vs 2020highest in 7 years
2022: €107k▼ -63.0% vs 2021
2023: €142k▲ +33.1% vs 2022
2024: €217k▲ +53.1% vs 2023
2018 → 2024
Working capital
€-73k▲ 75.8%
2023 · €-301k
2018: €441khighest in 7 years
2019: €256k▼ -41.9% vs 2018
2020: €81k▼ -68.2% vs 2019
2021: €151k▲ +85.7% vs 2020
2022: €334k▲ +121% vs 2021
2023: €-301k▼ -190% vs 2022lowest in 7 years
2024: €-73k▲ +75.8% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.41M-€2.10M▲ 48.5%€2.06M▼ 2.0%€2.30M▲ 11.6%€2.90M▲ 26.1%
2020: €1.41Mlowest in 5 years
2021: €2.10M▲ +48.5% vs 2020
2022: €2.06M▼ -2.0% vs 2021
2023: €2.30M▲ +11.6% vs 2022
2024: €2.90M▲ +26.1% vs 2023highest in 5 years
Equity€191k-€479k▲ 151%€585k▲ 22.3%€727k▲ 24.2%€758k▲ 4.3%
2020: €191klowest in 5 years
2021: €479k▲ +151% vs 2020
2022: €585k▲ +22.3% vs 2021
2023: €727k▲ +24.2% vs 2022
2024: €758k▲ +4.3% vs 2023highest in 5 years
Operating result€20k-€282k▲ 1,299%€89k▼ 68.6%€129k▲ 45.5%€250k▲ 93.7%
2020: €20klowest in 5 years
2021: €282k▲ +1299% vs 2020highest in 5 years
2022: €89k▼ -68.6% vs 2021
2023: €129k▲ +45.5% vs 2022
2024: €250k▲ +93.7% vs 2023
Net result€19k-€288k▲ 1,404%€107k▼ 63.0%€142k▲ 33.1%€217k▲ 53.1%
2020: €19klowest in 5 years
2021: €288k▲ +1404% vs 2020highest in 5 years
2022: €107k▼ -63.0% vs 2021
2023: €142k▲ +33.1% vs 2022
2024: €217k▲ +53.1% vs 2023
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 94% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.37M
Fixed assets
€900k ▼ 17.2%
Current assets
€474k ▼ 26.8%
Equity and liabilities €1.37M
Equity
€758k ▲ 4.3%
Provisions
€40k ▲ 55.3%
Debt
€575k ▼ 41.4%
Debt's share of the balance-sheet total falls from 56.6% to 41.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€438k▲
2023 · €277k
Cash flow
€406k▲
2023 · €290k
Current ratio
0.87▲
2023 · 0.68
Quick ratio
0.43▼
2023 · 0.43
Debt to equity
0.76▼
2023 · 1.35
ROE
28.7%▲
2023 · 19.5%
ROA
15.8%▲
2023 · 8.2%
Interest coverage
22.38▲
2023 · 12.15
Debt ≤ 1 year
€547k▼
2023 · €948k
Income taxes
€38k▲
2023 · €164
Staff costs
€352k▲
2023 · €326k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 68 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.73M€1.37M▼
Fixed assets21/28€1.09M€900k▼
Tangible fixed assets22/27€1.09M€899k▼
Land and buildings22€31k€31k=
Plant, machinery and equipment23€944k€805k▼
Furniture and vehicles24€76k€41k▼
Leasing and similar rights25€0€0=
Other tangible fixed assets26€36k€22k▼
Assets under construction and advance payments27€0€0=
Financial fixed assets28€312€312=
Current assets29/58€647k€474k▼
Stocks and contracts in progress3€236k€238k▲
Stocks30/36€236k€238k▲
Amounts receivable within one year40/41€94k€72k▼
Trade receivables40€91k€51k▼
Other amounts receivable41€3k€22k▲
Current investments50/53€0-
Cash at bank and in hand54/58€312k€157k▼
Deferred charges and accrued income490/1€5k€7k▲
Equity and liabilities
Total equity and liabilities10/49€1.73M€1.37M▼
Equity10/15€727k€758k▲
Contributions10/11€69k€69k=
Capital10€69k€69k=
Issued capital100€69k€69k=
Reserves13€637k€687k▲
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Distributable reserves133€630k€680k▲
Profit (loss) carried forward14€21k€2k▼
Provisions and deferred taxes16€26k€40k▲
Provisions for liabilities and charges160/5€26k€40k▲
Other liabilities and charges164/5€26k€40k▲
Amounts payable17/49€981k€575k▼
Amounts payable within one year42/48€948k€547k▼
Trade debts44€150k€112k▼
Suppliers440/4€150k€112k▼
Advances received on contracts in progress46€37k€40k▲
Taxes, remuneration and social security45€112k€108k▼
Taxes450/3€66k€66k▼
Remuneration and social security454/9€45k€42k▼
Other amounts payable47/48€650k€287k▼
Accrued charges and deferred income492/3€33k€29k▼
Income statement
Code20232024
Turnover70€2.30M€2.90M▲
Non-recurring operating income76A€0€0=
Goods, raw materials, services and sundry goods60/61€1.73M€2.12M▲
Remuneration, social security and pensions62€326k€352k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€148k€188k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€-2k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€1k€14k▲
Other operating charges640/8€6k€11k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€611k€814k▲
Operating profit (loss)9901€129k€250k▲
Financial income75/76B€36k€26k▼
Recurring financial income75€36k€26k▼
Financial charges65/66B€23k€20k▼
Recurring financial charges65€23k€20k▼
Profit (loss) for the period before taxes9903€142k€256k▲
Income taxes67/77€164€38k▲
Profit (loss) for the period9904€142k€217k▲
Profit (loss) for the period to be appropriated9905€142k€217k▲
Appropriation of the result
Profit (loss) to be appropriated9906€175k€239k▲
Profit (loss) brought forward from the previous period14P€33k€21k▼
Transfer to equity691/2€154k€50k▼
To other reserves6921€154k€50k▼
Profit to be distributed694/7-€186k
Return on contributions (dividend)694-€186k
Social balance
Average headcount (FTE)90878.79.4▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.41M | €2.10M | €2.06M | €2.30M | €2.90M | ▲ 26.1% |
| Non-recurring operating income76A | - | - | €0 | €0 | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €1.50M | €1.52M | €1.73M | €2.12M | ▲ 22.8% |
| Remuneration, social security and pensions62 | - | €247k | €282k | €326k | €352k | ▲ 8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48k | €75k | €67k | €148k | €188k | ▲ 27.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-5k | €4k | €2k | €-2k | ▼ 199% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €10k | €10k | €1k | €14k | ▲ 1,271% |
| Other operating charges640/8 | - | €14k | €14k | €6k | €11k | ▲ 74.3% |
| Non-recurring operating charges66A | - | - | €90k | €0 | - | - |
| Gross operating margin9900 | €284k | €624k | €556k | €611k | €814k | ▲ 33.1% |
| Operating profit (loss)9901 | €20k | €282k | €89k | €129k | €250k | ▲ 93.7% |
| Financial income75/76B | - | €20k | €21k | €36k | €26k | ▼ 28.8% |
| Recurring financial income75 | €7k | €20k | €21k | €36k | €26k | ▼ 28.8% |
| Financial charges65/66B | - | €5k | €3k | €23k | €20k | ▼ 14.0% |
| Recurring financial charges65 | €8k | €5k | €3k | €23k | €20k | ▼ 14.0% |
| Profit (loss) for the period before taxes9903 | €19k | €297k | €107k | €142k | €256k | ▲ 80.0% |
| Income taxes67/77 | €49 | €9k | €140 | €164 | €38k | ▲ 23,264% |
| Profit (loss) for the period9904 | €19k | €288k | €107k | €142k | €217k | ▲ 53.1% |
| Transfer from tax-exempt reserves789 | - | €56k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €19k | €344k | €107k | €142k | €217k | ▲ 53.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €986k | €763k | €835k | €1.73M | €1.37M | ▼ 20.8% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - |
| Fixed assets21/28 | €390k | €343k | €288k | €1.09M | €900k | ▼ 17.2% |
| Intangible fixed assets21 | - | €0 | €0 | - | - | - |
| Tangible fixed assets22/27 | €390k | €343k | €288k | €1.09M | €899k | ▼ 17.2% |
| Land and buildings22 | - | €195k | €31k | €31k | €31k | = |
| Plant, machinery and equipment23 | - | €28k | €119k | €944k | €805k | ▼ 14.7% |
| Furniture and vehicles24 | - | €120k | €88k | €76k | €41k | ▼ 45.5% |
| Leasing and similar rights25 | - | €0 | €0 | €0 | €0 | - |
| Other tangible fixed assets26 | - | €0 | €51k | €36k | €22k | ▼ 39.5% |
| Assets under construction and advance payments27 | - | €0 | €0 | €0 | €0 | - |
| Financial fixed assets28 | €112 | €112 | €112 | €312 | €312 | = |
| Current assets29/58 | €596k | €420k | €547k | €647k | €474k | ▼ 26.8% |
| Amounts receivable after more than one year29 | - | €0 | €0 | - | - | - |
| Trade receivables290 | - | €0 | €0 | - | - | - |
| Other amounts receivable291 | - | €0 | €0 | - | - | - |
| Stocks and contracts in progress3 | €195k | €211k | €186k | €236k | €238k | ▲ 0.8% |
| Stocks30/36 | - | €211k | €186k | €236k | €238k | ▲ 0.8% |
| Contracts in progress37 | - | €0 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €70k | €47k | €51k | €94k | €72k | ▼ 22.9% |
| Trade receivables40 | - | €47k | €50k | €91k | €51k | ▼ 44.3% |
| Other amounts receivable41 | - | €333 | €1k | €3k | €22k | ▲ 704% |
| Current investments50/53 | - | €0 | €0 | €0 | - | - |
| Cash at bank and in hand54/58 | €328k | €162k | €304k | €312k | €157k | ▼ 49.8% |
| Deferred charges and accrued income490/1 | - | €102 | €5k | €5k | €7k | ▲ 34.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €986k | €763k | €835k | €1.73M | €1.37M | ▼ 20.8% |
| Equity10/15 | €191k | €479k | €585k | €727k | €758k | ▲ 4.3% |
| Contributions10/11 | €69k | €69k | €69k | €69k | €69k | = |
| Capital10 | - | €69k | €69k | €69k | €69k | = |
| Issued capital100 | - | €69k | €69k | €69k | €69k | = |
| Reserves13 | €63k | €63k | €483k | €637k | €687k | ▲ 7.9% |
| Non-distributable reserves130/1 | - | €7k | €7k | €7k | €7k | = |
| Legal reserve130 | - | €7k | €7k | €7k | €7k | = |
| Tax-exempt reserves132 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €56k | €476k | €630k | €680k | ▲ 7.9% |
| Profit (loss) carried forward14 | €59k | €346k | €33k | €21k | €2k | ▼ 89.6% |
| Investment grants15 | - | €0 | - | - | - | - |
| Provisions and deferred taxes16 | €5k | €15k | €25k | €26k | €40k | ▲ 55.3% |
| Provisions for liabilities and charges160/5 | - | €15k | €25k | €26k | €40k | ▲ 55.3% |
| Environmental obligations163 | - | €15k | €25k | - | - | - |
| Other liabilities and charges164/5 | - | - | - | €26k | €40k | ▲ 55.3% |
| Amounts payable17/49 | €790k | €270k | €225k | €981k | €575k | ▼ 41.4% |
| Amounts payable after more than one year17 | €275k | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €515k | €269k | €212k | €948k | €547k | ▼ 42.4% |
| Current portion of amounts payable after more than one year42 | - | €795 | €0 | - | - | - |
| Trade debts44 | €148k | €184k | €102k | €150k | €112k | ▼ 25.3% |
| Suppliers440/4 | - | €184k | €102k | €150k | €112k | ▼ 25.3% |
| Advances received on contracts in progress46 | - | €24k | €25k | €37k | €40k | ▲ 8.1% |
| Taxes, remuneration and social security45 | - | €60k | €85k | €112k | €108k | ▼ 3.3% |
| Taxes450/3 | - | €29k | €45k | €66k | €66k | ▼ 0.5% |
| Remuneration and social security454/9 | - | €31k | €40k | €45k | €42k | ▼ 7.5% |
| Other amounts payable47/48 | - | - | €350 | €650k | €287k | ▼ 55.8% |
| Accrued charges and deferred income492/3 | - | €875 | €13k | €33k | €29k | ▼ 12.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €288k | €107k | €142k | €217k | ▲ 53.1% |
| + Depreciation and write-downs630 | €48k | €75k | €67k | €148k | €188k | ▲ 27.4% |
| Operating cash flow (approximation) | €67k | €363k | €174k | €290k | €406k | ▲ 40.0% |
| Investment in fixed assets (approximation) | - | €-29k | €-12k | €-947k | €-992 | ▲ 99.9% |
| Change in cash | - | €-167k | €143k | €8k | €-156k | ▼ 2,058% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €500kEq €585k ▲22.3%
3 profitable years in a row build equity to €585k.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €288k ▲1,404%
Operating result €282k, net result €288k, both a record.
31-12
Financial
Equity above €200kEq €479k ▲151%
2 profitable years in a row build equity to €479k.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €19k
Net result €19k after 2 loss-making years.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
06-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Thimister-Clermont · 1 establishment unit since 2000
Ground area
1.2 ha
Building footprint
3,822 m²
Volume, LiDAR
23,960 m³
2 parcels, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
ESPACE MODE NANDRIN
since 20002.096.382.905
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63077C0487/00D000 | Wallonia | 9,997 m² | 1 · 2,631 m² | 7.4 m · 2 fl. |
| 61043C0066/00D002 | Wallonia | 2,086 m² | 1 · 1,190 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,498 companies in sector 47716 we hold annual accounts for 2,438. 1,263 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded05-01-2000
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47640Retail sale of games and toys
47722Retail trade
Scores and ratios are computed by Checked and are not a credit decision.